May 21 Activision Blizzard Inc said
Vivendi S.A. will sell 41.5 million of the videogames
publisher's shares, as part of a planned stake sale announced
The offering is expected to close and settle on May 28 and
Activision will not receive any of the proceeds, the company
said on Wednesday.
Vivendi owned an 11.6 percent stake, or 83 million shares,
in Activision as of October, according to Thomson Reuters data.
France-based Vivendi agreed to sell most of its stake in
Activision, the world's largest videogames publisher, for $8.2
billion as part of the conglomerate's move to split its media
and telecoms assets.
Barclays and Credit Suisse are acting as bookrunning
managers and underwriters for the offering.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by